Elk Creek Partners LLC decreased its position in shares of The Habit Restaurants, Inc. (NASDAQ:HABT) by 9.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 630,528 shares of the restaurant operator’s stock after selling 63,394 shares during the quarter. Elk Creek Partners LLC owned approximately 3.12% of The Habit Restaurants worth $9,962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. boosted its holdings in shares of The Habit Restaurants by 7.2% during the 1st quarter. American International Group Inc. now owns 8,300 shares of the restaurant operator’s stock valued at $147,000 after acquiring an additional 558 shares in the last quarter. Bfsg LLC acquired a new stake in shares of The Habit Restaurants during the 1st quarter valued at $190,000. Nationwide Fund Advisors boosted its holdings in shares of The Habit Restaurants by 52.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,456 shares of the restaurant operator’s stock valued at $181,000 after acquiring an additional 3,949 shares in the last quarter. UBS Group AG boosted its holdings in shares of The Habit Restaurants by 376.2% during the 1st quarter. UBS Group AG now owns 15,285 shares of the restaurant operator’s stock valued at $270,000 after acquiring an additional 12,075 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of The Habit Restaurants during the 2nd quarter valued at $256,000. 94.48% of the stock is currently owned by institutional investors.

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Shares of The Habit Restaurants, Inc. (HABT) traded up 1.93% on Friday, reaching $13.20. The company had a trading volume of 551,921 shares. The Habit Restaurants, Inc. has a one year low of $12.60 and a one year high of $19.75. The company’s 50-day moving average is $13.67 and its 200-day moving average is $16.28. The company has a market capitalization of $268.38 million, a PE ratio of 51.16 and a beta of 1.07.

The Habit Restaurants (NASDAQ:HABT) last posted its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The Habit Restaurants had a net margin of 1.64% and a return on equity of 4.97%. The business had revenue of $83.30 million during the quarter, compared to analyst estimates of $84.15 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. Equities research analysts predict that The Habit Restaurants, Inc. will post $0.23 earnings per share for the current year.

Several equities research analysts recently weighed in on the company. BidaskClub raised The Habit Restaurants from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Piper Jaffray Companies reissued a “buy” rating on shares of The Habit Restaurants in a report on Friday, July 14th. Wedbush reissued a “buy” rating and set a $25.00 price objective on shares of The Habit Restaurants in a report on Sunday, July 30th. Raymond James Financial, Inc. reissued an “outperform” rating and set a $22.00 price objective on shares of The Habit Restaurants in a report on Monday, July 24th. Finally, Zacks Investment Research downgraded The Habit Restaurants from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $19.92.

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The Habit Restaurants Profile

The Habit Restaurants, Inc (Habit Burger Grill) is a fast casual restaurant company. The Company is engaged in preparing made-to-order char-grilled burgers and sandwiches featuring tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame. In addition, it offers sides, shakes and malts.

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